Diodes (NASDAQ:DIOD) Insider Jin Zhao Sells 3,689 Shares

Diodes Incorporated (NASDAQ:DIOD) insider Jin Zhao sold 3,689 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $106.86, for a total transaction of $394,206.54. Following the sale, the insider owned 43,531 shares of the company’s stock, valued at approximately $4,651,722.66. This represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Jin Zhao also recently made the following trade(s):

• On Tuesday, May 12th, Jin Zhao sold 2,760 shares of Diodes stock. The shares were sold at an average price of $102.36, for a total transaction of $282,513.60.

Diodes Trading Up 0.8%

Shares of Diodes stock opened at $109.13 on Thursday. The firm has a 50-day moving average of $89.54 and a 200-day moving average of $67.84. The stock has a market cap of $5.01 billion, a PE ratio of 59.31 and a beta of 1.93. Diodes Incorporated has a 52-week low of $42.28 and a 52-week high of $117.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17.

Diodes (NASDAQ:DIOD) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The company had revenue of $405.47 million during the quarter, compared to analysts’ expectations of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. Diodes’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 earnings per share. As a group, sell-side analysts forecast that Diodes Incorporated will post 2.58 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DIOD. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Truist Financial increased their target price on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Benchmark increased their target price on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Robert W. Baird set a $120.00 target price on Diodes in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $113.00.

Key Headlines Impacting Diodes

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes’ recent earnings results were strong, with the company beating EPS and revenue expectations and delivering year-over-year revenue growth, helping support the stock.
• Neutral Sentiment: The stock has been trading near its 52-week high, reflecting momentum from improved operating performance and broader investor optimism.
• Negative Sentiment: A cluster of insider sales by the CEO, CTO, SVP, and other executives may raise concern that management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks

Hedge Funds Weigh In On Diodes

Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors raised its holdings in shares of Diodes by 3.1% during the 4th quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock worth $241,000 after buying an additional 145 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in Diodes by 2.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 186 shares in the last quarter. Arizona State Retirement System boosted its stake in Diodes by 1.4% in the third quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company’s stock valued at $730,000 after buying an additional 189 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Finally, Strs Ohio boosted its stake in Diodes by 2.2% in the fourth quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock valued at $449,000 after buying an additional 200 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.